145. In performing their assessments, competent authorities should consider whether a credit …

In performing their assessments, competent authorities should consider whether a credit institution has:

• a. maintained effective systems and controls for identifying, measuring, monitoring and controlling the level of credit risk, significant increases in credit risk and asset quality problems in a timely manner;
• b. analysed all significant relevant factors that affect credit risk and the collectability of the portfolio; and
• c. established an acceptable allowance estimation process that, at a minimum, meets the principles set out in these guidelines, including the relevant accounting requirements.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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